HANNRUECKVSE ADR's market value is the price at which a share of HANNRUECKVSE ADR trades on a public exchange. It measures the collective expectations of HANNRUECKVSE ADR 12ON investors about its performance. HANNRUECKVSE ADR is trading at 40.80 as of the 10th of January 2025. This is a 1.92% down since the beginning of the trading day. The stock's lowest day price was 40.8. With this module, you can estimate the performance of a buy and hold strategy of HANNRUECKVSE ADR 12ON and determine expected loss or profit from investing in HANNRUECKVSE ADR over a given investment horizon. Check out HANNRUECKVSE ADR Correlation, HANNRUECKVSE ADR Volatility and HANNRUECKVSE ADR Alpha and Beta module to complement your research on HANNRUECKVSE ADR.
Please note, there is a significant difference between HANNRUECKVSE ADR's value and its price as these two are different measures arrived at by different means. Investors typically determine if HANNRUECKVSE ADR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HANNRUECKVSE ADR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
HANNRUECKVSE ADR 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to HANNRUECKVSE ADR's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of HANNRUECKVSE ADR.
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01/21/2023
No Change 0.00
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In 1 year 11 months and 22 days
01/10/2025
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If you would invest 0.00 in HANNRUECKVSE ADR on January 21, 2023 and sell it all today you would earn a total of 0.00 from holding HANNRUECKVSE ADR 12ON or generate 0.0% return on investment in HANNRUECKVSE ADR over 720 days. HANNRUECKVSE ADR is related to or competes with Haverty Furniture, COMMERCIAL VEHICLE, Sixt Leasing, American Homes, CITY OFFICE, and Geely Automobile. Hannover Rck SE, together with its subsidiaries, provides reinsurance products and services worldwide More
HANNRUECKVSE ADR Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure HANNRUECKVSE ADR's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess HANNRUECKVSE ADR 12ON upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for HANNRUECKVSE ADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HANNRUECKVSE ADR's standard deviation. In reality, there are many statistical measures that can use HANNRUECKVSE ADR historical prices to predict the future HANNRUECKVSE ADR's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as HANNRUECKVSE ADR. Your research has to be compared to or analyzed against HANNRUECKVSE ADR's peers to derive any actionable benefits. When done correctly, HANNRUECKVSE ADR's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in HANNRUECKVSE ADR 12ON.
HANNRUECKVSE ADR 12ON Backtested Returns
HANNRUECKVSE ADR 12ON holds Efficiency (Sharpe) Ratio of -0.0603, which attests that the company had a -0.0603% return per unit of volatility over the last 3 months. HANNRUECKVSE ADR 12ON exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HANNRUECKVSE ADR's coefficient of variation of (2,805), and Market Risk Adjusted Performance of 0.2824 to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of -0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HANNRUECKVSE ADR are expected to decrease at a much lower rate. During the bear market, HANNRUECKVSE ADR is likely to outperform the market. At this point, HANNRUECKVSE ADR 12ON has a negative expected return of -0.0737%. Please make sure to check out HANNRUECKVSE ADR's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if HANNRUECKVSE ADR 12ON performance from the past will be repeated in the future.
Auto-correlation
-0.37
Poor reverse predictability
HANNRUECKVSE ADR 12ON has poor reverse predictability. Overlapping area represents the amount of predictability between HANNRUECKVSE ADR time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HANNRUECKVSE ADR 12ON price movement. The serial correlation of -0.37 indicates that just about 37.0% of current HANNRUECKVSE ADR price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.37
Spearman Rank Test
0.0
Residual Average
0.0
Price Variance
613.51
HANNRUECKVSE ADR 12ON lagged returns against current returns
Autocorrelation, which is HANNRUECKVSE ADR stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting HANNRUECKVSE ADR's stock expected returns. We can calculate the autocorrelation of HANNRUECKVSE ADR returns to help us make a trade decision. For example, suppose you find that HANNRUECKVSE ADR has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
HANNRUECKVSE ADR regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If HANNRUECKVSE ADR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HANNRUECKVSE ADR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HANNRUECKVSE ADR stock over time.
Current vs Lagged Prices
Timeline
HANNRUECKVSE ADR Lagged Returns
When evaluating HANNRUECKVSE ADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HANNRUECKVSE ADR stock have on its future price. HANNRUECKVSE ADR autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, HANNRUECKVSE ADR autocorrelation shows the relationship between HANNRUECKVSE ADR stock current value and its past values and can show if there is a momentum factor associated with investing in HANNRUECKVSE ADR 12ON.
Other Information on Investing in HANNRUECKVSE Stock
HANNRUECKVSE ADR financial ratios help investors to determine whether HANNRUECKVSE Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in HANNRUECKVSE with respect to the benefits of owning HANNRUECKVSE ADR security.